REG - Catenai PLC - Update on Treasury

CatenaiAnnouncement

28/07/2025 07:00

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RNS Number : 7327S  Catenai PLC  28 July 2025

28 July 2025

 

Catenai PLC

 

("Catenai" or the "Company")

 

Update on Treasury

 

 

Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and
technology, announces that, following the announcement  of 26 June 2025, it
has appointed Appold Associates Limited ("Appold") as its Professional Adviser
to its Bitcoin focused treasury function. Appold, an award-winning blockchain
advisory firm with a strong track record in institutional digital asset
strategy and treasury management, will support Catenai in designing and
implementing a secure and compliant Bitcoin treasury strategy. This includes
the development of governance frameworks, custody policies, and trading
procedures tailored for a listed company environment.

 

 

Furthermore, BitGo, the leading infrastructure provider of digital asset
solutions, will serve as Catenai's official custodian through BitGo Trust
Company, Inc., a regulated qualified custodian with $250M in insurance
coverage. The partnership will also include trading support through BitGo's
platform, offering seamless access to deep liquidity via its institutional OTC
desk.

 

 

John Farthing, CEO of Catenai commented: "It is important to have strong
foundations for our Treasury function.  Appold and BitGo provide that, and we
will update on further progress soon".

 

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation. The person who arranged for release of this
announcement on behalf of the Company was John Farthing, Interim Chief
Executive Officer of the Company and the Directors of the Company are
responsible for the release of this announcement.

 

For further information please contact:

 

 Catenai PLC                                       +44 (0)20 7183 8666
 John Farthing, Interim Chief Executive Officer

 Cairn Financial Advisers LLP (Nominated Adviser)  +44(0)20 7213 0880
 Liam Murray/Ludovico Lazzaretti/James Western

 Shard Capital Partners LLP (Broker)               +44 (0)20 7186 9952
 Damon Heath

 

Notes to Editors:

 

About Catenai PLC

Catenai is an AIM quoted provider of digital media and technology services.
The Company specialises in IT solutions that solve commercial challenges and
create opportunities for its clients, with an increasing focus incorporating
AI into its platforms. The Company has an experienced IT team of project
managers and integrators who have deployed systems across corporate,
government and educational sectors.

 

http://www.catenaiplc.com (http://www.catenaiplc.com)

 

 

Caution regarding forward looking statements

 

 Certain statements in this announcement, are, or may be deemed to be,
forward looking statements. Forward looking statements are identified by
their use of terms and phrases such as ''believe'', ''could'', "should"
''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'',
"expect", ''will'' or the negative of those, variations or comparable
expressions, including references to assumptions. These forward looking
statements are not based on historical facts but rather on the Directors'
current expectations and assumptions regarding the Company's future growth,
results of operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof), competitive
advantages, business prospects and opportunities. Such forward looking
statements reflect the Directors' current beliefs and assumptions and are
based on information currently available to the Directors.

 

IMPORTANT NOTICES

 

Important Notices

 

The Company intends to hold treasury reserves and surplus cash in Bitcoin.
Bitcoin is a type of cryptocurrency or cryptoasset. Whilst the Board of
Directors of the Company considers holding Bitcoin to be in the best interests
of the Company, the Board remains aware that the financial regulator in the UK
(the Financial Conduct Authority or FCA) considers investment in Bitcoin to
be high risk. At the outset, it is important to note that an investment in the
Company is not an investment in Bitcoin, either directly or by proxy and
shareholders will have no direct access to the Company's holdings. However,
the Board of Directors of the Company consider Bitcoin to be an appropriate
store of value and potential growth and therefore appropriate for the
Company's reserves. Accordingly, the Company is and intends to continue to be
materially exposed to Bitcoin. Such an approach is innovative, and the Board
of Directors of the Company wish to be clear and transparent with prospective
and actual investors in the Company on the Company's position in this regard.

 

The Company is neither authorised nor regulated by the FCA, and the purchase
of certain cryptocurrencies (such as Bitcoin) are generally unregulated in the
UK. As with most other investments, the value of Bitcoin can go down as well
as up, and therefore the value of the Company's Bitcoin holdings can
fluctuate. The Company may not be able to realise its Bitcoin holdings for the
same as it paid to acquire them or even for the value the Company currently
ascribes to its Bitcoin positions due to  market movements. Neither the
Company nor investors in the Company's shares are protected by the UK's
Financial Ombudsman Service or the Financial Services Compensation Scheme.

 

Nevertheless, the Board of Directors of the Company has taken the decision to
invest in Bitcoin, and in doing so is mindful of the special risks Bitcoin
presents to the Company's financial position. These risks include (but are not
limited to): (i) the value of Bitcoin can be highly volatile, with value
dropping as quickly as it can rise. Investors in Bitcoin must be prepared to
lose all money invested in Bitcoin; (ii) the Bitcoin market is largely
unregulated. There is a risk of losing money due to risks such as
cyber-attacks, financial crime and counterparty failure; (iii) the Company may
not be able to sell its Bitcoin at will. The ability to sell Bitcoin depends
on various factors, including the supply and demand in the market at the
relevant time. Operational failings such as technology outages, cyber-attacks
and comingling of funds could cause unwanted delay; and (iv) cryptoassets are
characterised in some quarters by high degrees of fraud, money laundering and
financial crime. In addition, there is a perception in some quarters that
cyber-attacks are prominent which can lead to theft of holdings or ransom
demands. Prospective investors in the Company are encouraged to do your own
research before investing.

 

 

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